Guías de estudio, Notas de estudios & Resúmenes

NC - Health Insurance - Practice Exam Questions All of the following are true regarding Key Employee Disability Income insurance EXCEPT A) Premiums are not tax deductible for the employer. B) Benefits are taxable to the employer. C) The employer owns the policy. D) Benefits are paid to the employer to retrain a new person. - CORRECT ANSWER-B) Benefits are taxable to the employer. Key person disability income premiums are not deductible to the business, but the benefits are received...

NC Adjuster Exam UPGRADE 2023 QUESTION AND CORRECT ANSWER Utmost Good Faith - CORRECT ANSWER-Both parties must act honest and openly in order for the contract to be valid. Adhesion - CORRECT ANSWER-One party sets the terms for the contract; the other party may simply agree or disagree Unilateral - CORRECT ANSWER-Only the insurer makes a promise to act; the insured can void contract at any time. Personal - CORRECT ANSWER-The insured person is protected from loses not the personal pr...

NC Claims Adjuster Exam Study QUESTION AND CORRECT ANSWER GRADE A+ 2023/2024 Liability Insurance PAP (Part A) - CORRECT ANSWER-Pays all the sums and insured must legally pay as damage due to BI/PD caused by an accident and resulting from the ownership, maintenance or use of a covered auto. Coverage Part A through F of a PAP - CORRECT ANSWER-A. Liability B. Medical Payments C. UM/UIM D. Physical Damage E. Insured Duties F. General Provisions Certificate of Insurance (COI) - CORRECT...

NC Adjuster License Practice Exam DUE 6 NOVEMBER 2023 Manny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide coverage, while avoiding the coinsurance requirement, EXCEPT: - CORREC T ANSWER-The maximum monthly limit of indemnity optional coverage The traditional definition of actual cash value (ACV) is: - CORREC T ANSWERReplacement cost minus depreciation Sam and Dan are working to clean o...

Utmost Good Faith - Both parties must act honest and openly in order for the contract to be valid. Adhesion - One party sets the terms for the contract; the other party may simply agree or disagree Unilateral - Only the insurer makes a promise to act; the insured can void contract at any time. Personal - The insured person is protected from loses not the personal property. Conditional - The insurer must only honor the contract if the insured meets certain conditions. Lavatory - The executi...

Robbery involves all of the following, EXCEPT: A. The presence of the insured B. Criminal intent C. A threat of violence D. Burglary - Answer D. Burglary Under the "Loss Sustained" Crime Insurance form, there is coverage while the policy is in force and for up to: A. 6 months after the policy expires B. One year after the policy expires C. 60 days after the policy expires D. 30 days after the policy expires - Answer B. One year after the policy expires Crime insurance terminology re...

Manny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide coverage, while avoiding the coinsurance requirement, EXCEPT: - CORRECT ANS The maximum monthly limit of indemnity optional coverage The traditional definition of actual cash value (ACV) is: - CORRECT ANS Replacement cost minus depreciation Sam and Dan are working to clean out the gutters around the roof on Sam's house. Sam and Dan ...

NC adjuster Exam CORRECT ANSWERS REVISED 2023 Inception/Expiration Date - correct answersThe date on which coverage became effective or expired. Policies in North Carolina become effective and expire at 12:01am Occurrence Date - correct answersThe date on which the loss occurred Identification of Parties involve - correct answersThe loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names an...

Robbery involves all of the following, EXCEPT: A. The presence of the insured B. Criminal intent C. A threat of violence D. Burglary - Answer- D. Burglary Under the "Loss Sustained" Crime Insurance form, there is coverage while the policy is in force and for up to: A. 6 months after the policy expires B. One year after the policy expires C. 60 days after the policy expires D. 30 days after the policy expires - Answer- B. One year after the policy expires Crime insurance termi...